3 Stocks Pushing The Diversified Services Industry Downward

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 7 points (0.0%) at 16,563 as of Tuesday, Aug. 12, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,349 issues advancing vs. 1,605 declining with 179 unchanged.

The Diversified Services industry currently sits down 0.6% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the industry include 51job ( JOBS), down 8.5%, TeleTech Holdings ( TTEC), down 7.1%, Convergys Corporation ( CVG), down 6.4%, Shutterstock ( SSTK), down 2.9% and Air Lease ( AL), down 1.4%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Ulta Salon Cosmetics & Fragrances ( ULTA) is one of the companies pushing the Diversified Services industry lower today. As of noon trading, Ulta Salon Cosmetics & Fragrances is down $1.95 (-2.0%) to $93.34 on light volume. Thus far, 209,359 shares of Ulta Salon Cosmetics & Fragrances exchanged hands as compared to its average daily volume of 889,400 shares. The stock has ranged in price between $93.23-$95.44 after having opened the day at $95.44 as compared to the previous trading day's close of $95.29.

ULTA Salon, Cosmetics & Fragrance, Inc. operates specialty retail stores in the United States. Its stores offer an assortment of branded and private label beauty products in cosmetics, fragrance, haircare, skincare, bath and body products, and salon styling tools. Ulta Salon Cosmetics & Fragrances has a market cap of $6.1 billion and is part of the services sector. Shares are down 1.3% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Ulta Salon Cosmetics & Fragrances a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Ulta Salon Cosmetics & Fragrances as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Ulta Salon Cosmetics & Fragrances Ratings Report now.

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